NexPoint Residential Trust Inc (NASDAQ:NXRT) insider James D. Dondero purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $23.30 per share, with a total value of $46,600.00. Following the completion of the acquisition, the insider now owns 30,725 shares in the company, valued at approximately $715,892.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NexPoint Residential Trust Inc (NASDAQ NXRT) traded down 2.36% during mid-day trading on Friday, reaching $23.19. The company had a trading volume of 52,978 shares. The stock has a market capitalization of $487.99 million and a PE ratio of 44.09. NexPoint Residential Trust Inc has a one year low of $16.67 and a one year high of $26.10. The company’s 50-day moving average is $24.64 and its 200-day moving average is $24.42.
NexPoint Residential Trust (NASDAQ:NXRT) last posted its earnings results on Tuesday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.02. The company had revenue of $35.23 million for the quarter, compared to analysts’ expectations of $35.95 million. NexPoint Residential Trust had a return on equity of 14.15% and a net margin of 28.18%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Equities research analysts anticipate that NexPoint Residential Trust Inc will post ($0.13) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.71%.
Several research firms recently weighed in on NXRT. Zacks Investment Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a report on Wednesday, August 2nd. Finally, Canaccord Genuity set a $28.00 price target on NexPoint Residential Trust and gave the stock a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.75.
Several large investors have recently bought and sold shares of the company. Chicago Equity Partners LLC bought a new stake in NexPoint Residential Trust during the second quarter valued at about $209,000. OMERS ADMINISTRATION Corp bought a new stake in NexPoint Residential Trust during the first quarter valued at about $215,000. Great West Life Assurance Co. Can increased its stake in NexPoint Residential Trust by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the company’s stock valued at $254,000 after buying an additional 29 shares in the last quarter. American International Group Inc. increased its stake in NexPoint Residential Trust by 7.1% in the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after buying an additional 731 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in NexPoint Residential Trust during the first quarter valued at about $348,000.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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